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Capitalisation or charge off to P & L A/C

This query is : Resolved 
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(Querist)
17 February 2009 I have taken one domain address i.e web address at Rs. 1,30,000. This is one time settlement. No further charges were payable by me.
can we caspitalize the same or not?
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
18 February 2009 For what time-frame it is purchased?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 February 2009 Website is an electronic brochure available to prospective customers and hence the expenditure for website is revenue in nature. Citation:- CIT Vs. Indian Visit Com (p) Ltd. (2009)176 Taxman (164) (Del).
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